TheTrendLineInvestor

TheTrendLineInvestor

This is a WEEKLY chart. What is going on with the QQQ? We saw recent highs in late August. Then we saw a drop back close to the 21 week Exponential Moving Average (ema). Now we have had a week, although higher than last week, that has the look of something interesting. Is there a double top taking place? Notice that my double top line is at the top of...

TheTrendLineInvestor

This is a WEEKLY chart. Each candle represents one week of price activity. Although I don't typically trade the DJI, the major media outlets publicize "The Dow" levels every day. I think this chart is important for the average investor. In 2013, The Dow got to the 16,000 level. Ever since then, the 16,000 level has been support. You can see that in Oct 2014,...

TheTrendLineInvestor

This is a DAILY chart. Each candle represents one day of price activity. This is a pretty simple idea represented by a chart. There is no guarantee that any of the resistance lines will become the support for the turn. But it is common to look at old resistance lines as potential areas of support.

TheTrendLineInvestor

This is a WEEKLY chart. Each candle represents a week of price activity. Let me be very clear, I am not predicting a double bottom. Today is only Monday. There is a lot of week left in the candle that represents the week. Let's ponder the what if's... What if today was Friday. How would I view the chart? The current candle put in a lower low and a lower...

TheTrendLineInvestor

This is a WEEKLY chart. Each candle represents one week of price activity. It is late so I will make this quick. I drew a few lines on the AAPL chart. There is a horizontal resistance line at about $230. There is an uptrend line that started in late December of 2018. And there is another uptrend line that started in early March of 2019. If you extend them...

TheTrendLineInvestor

This is a WEEKLY chart. Each candle represents a week of price activity. Let me start by saying I don't usually invest / trade based on a Head & Shoulder pattern. I am not, and do not claim to be, anything but "basically" informed about this pattern. Please feel free to correct me if I need it. I did reference StockCharts.com for info on the Head and...

TheTrendLineInvestor

This is a WEEKLY chart. Each candle represents a week of price activity. Have you noticed this pattern on the chart? You can see it on multiple time frames but I felt the weekly was the most attractive representation. In short, you have some horizontal resistance and some past support along an uptrend line. Horizontal Resistance - NFLX went through the $385...

TheTrendLineInvestor

This is a DAILY chart. Each candle represents one day of price activity. This chart is mostly for me. I guess I could have taken a screen shot instead of posting it but I thought someone else may enjoy it. Comment if you wish. You probably won't hurt my feelings :) In times of turmoil (thanks CNBC) I like to pay attention to shorter term signals because...

TheTrendLineInvestor

This is a MONTHLY chart. Every candle represents one month of price activity. Please realize that this is only March 2. There is a lot of month left. The March candle can, and probably will, change dramatically. If you have ever heard of "Broadening Formation", that is the major theme in this chart. If you haven't heard of it you can look it up online. It...

TheTrendLineInvestor

This is a monthly chart. Every candle represents one month of price activity. No meaningful or detailed description at this point. What do you see?

TheTrendLineInvestor

This is a MONTHLY chart. Each candle represents one month of price action. Quick question. When a stock goes up, can we all agree that the market is buying it? Well of coarse! And we should be able to draw an up trend line that touches 2 or more candle lows to visually represent an increase in price over time. One more quick question. What does it mean if we...

TheTrendLineInvestor Updated 

GOOGL has been following an uptrend line all of 2019. Today it closed pretty much right on the line... There are two potential outcomes at this point. Either GOOGL bounces here or it breaks through the uptrend line. Either way, this is a great place to start a trade and use the uptrend line as your guide.

TheTrendLineInvestor

Yesterday, ORCL gapped up. It opened at almost $52 but closed closer to $50. This morning, ORCL dropped below yesterday's low but quickly got back up above that low. If ORCL can stay above 50 it should see higher prices. Any long play should have a stop at $50.

TheTrendLineInvestor

Let me begin by saying this Friday's pull back is nothing to be concerned about "yet"... I don't know of a way to tell if TSLA will go up or down from here. But the price action will give us clues as time goes by. There are many technical terms for what happened Friday in TSLA. I will give you just one, Bearish Engulfing Daily Candle. You can look up the...

TheTrendLineInvestor

This is a DAILY chart of the SPY. Every candle represents one trading day... Let me start with some historical stuff and work my way to the present. At the bottom left of this chart you will notice the green circle which is the beginning of the 2016 Uptrend Line. In June of 2016 the SPY made a higher low (see the 2nd green circle) and that is how I was able...

TheTrendLineInvestor

The SPY gapped down on Friday morning and then proceeded lower all day. Monday morning brought renewed optimism as the SPY gapped down again but this time reversed and closed a little under the highs of Friday. Notice that the SPY traded as low as 212.25ish and as high as 217ish. Lets focus on that range and what has happened since. The triangle and horizontal...

TheTrendLineInvestor

Yes. The Dow dropped about 400 points and the S&P 500 dropped about 55 points on Friday. As bad as it sounds and feels, let's take Fridays market drop into perspective. Since 2012, the SPY was about 125... Since July 2016, the SPY has been above 212. If you really think about this, the market action that took place on Friday was a drop in the proverbial...

TheTrendLineInvestor

It is fun to sit back and watch two billionaires take different sides of a trade. You may have your favorite between the two billionaires or you may be a little more like me and ponder which side of the trade YOU would take if you were a billionaire. Someday we will find out which of them was right. But do they want to be right? I would say they just want to...